Last Friday plan was to sell a pump and trade drifted higher in the morning and sold off at 11:30 drifted down all afternoon then some fake news pumped it overnight. I didnt think it got high enough intraday but after hours was a good sell only 10 points below my preferred entry. Weekend trade was pretty quiet only 30 points rise on the DOW. Fridays close is at 5842 and I expect that to trade. I will have a look see how 5817 holds cbol and look for shorts up there. I think if Friday low goes goes at 5802 could go lower and target 5770 S3.
Markets come online 1 hr forward as the US clocks change. Lots of AUD data early this week as the mid week first week of the month rolls on for our data.
There is going to be a lot more volatility when futures reset today because more markets coming online so if there are spikes will need to trade carefully. But 5866 will be good for me I might look at a reversal if the spike is down around 5802.
Today I will be looking to see if the lows go or we trade to the top of the channel. 6 days up now something has to give.
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